SEED approves resolution for wind development tax credit

January 12, 2012

The SEED (Sweetwater Enterprise for Economic Development) Board of Directors met for their first meeting of 2012 on Monday morning, Jan. 9 at the Chamber of Commerce.
The board approved a resolution supporting the extension of the Production Tax Credit (PTC) for wind development. Ken Becker, the Executive Director for SEED, noted that this year he will be attending the AWEA (American Wind Energy Association) Washington Day in February, which allows him and others associated with the group to interact with and encourage Congress to take action on the matter.
The resolution was customized to fit Nolan County — a state and nationwide leader in wind energy, and will be given to elected officials from Texas at the national gathering.
Approval was also given on the financial statements from November 2011, with sales tax numbers still considerably high and almost doubled from a year before. Unemployment was also presented from the statements, as the number continues to decrease in the city and was reported at 6.1%, lower than the state and national numbers.
Furthermore, the payment of accounts payable and the minutes from the December 2011 meeting were approved as well.
Kirstin Smith gave a brief Asst. Marketing/Admin. Director update in that vendors are being contacted for this year's booth at the AWEA conference, slated for June 2012 in Atlanta. Also, final touches are being made on the website with their initial contacts with local realtors.
Mr. Becker expanded on the website in his monthly report that the site has now brought SEED ahead of the curve from a technological standpoint. Updates were also given on EMA and Infigen — who now has 53 workers from Nolan County, as both establishments are vital in local business retention. The local State Farm branch is also expanding by instituting a second office in the city.
In regards to trade shows, it was noted that two more shows — plastics and recycling — have been added for SEED to attend in order to determine future involvement. The opportunity was presented through Ludlum Measurements, and a possible collaboration between SEED and Ludlum's could take place at the Atlanta AWEA conference.
Additionally, Ludlum Measurements will be celebrating its 50th anniversary of business on Feb. 14. A reception honoring the milestone will be held on Wednesday, Feb. 15 from 4-6 p.m. at the Sweetwater County Club.

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